The cable conduit systems global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Cable Conduit Systems Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size -
The
cable conduit systems market size has grown strongly in recent years.
It will grow from $6.87 billion in 2023 to $7.44 billion in 2024 at a
compound annual growth rate (CAGR) of 8.3%. The growth in the historic
period can be attributed to rapid urbanization, inflating income levels,
increasing the number of data centers, rising investments in
infrastructure development, and growing emphasis on workplace safety.
The cable conduit systems market size is expected to see strong growth in the next few years. It will grow to $10.3 billion in 2028 at a compound annual growth rate (CAGR) of 8.5%. The growth in the forecast period can be attributed to focus on energy-efficient cabling, rise of electric vehicles, growth in industrial automation, rising fire safety concerns, and expansion of commercial real estate. Major trends in the forecast period include creating advanced materials, smart conduit systems, installation-friendly designs, integration of smart home technologies, and adoption of digital technologies.
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Scope Of Cable Conduit Systems Market
The Business Research Company's reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market's historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Cable Conduit Systems Market Overview
Market Drivers -
The
increase in the number of housing projects is expected to propel the
growth of the cable conduit systems market going forward. Housing
projects refer to constructing new residential buildings, including
houses and apartments. Housing projects are attributed to population
growth, urbanization, and increased demand for residential spaces. Cable
conduit systems benefit housing projects by protecting electrical
wiring from damage and ensuring compliance with safety codes. They also
facilitate easier maintenance and upgrades while improving overall
aesthetics. For instance, in July 2023, according to the Australian
Bureau of Statistics, an Australia-based government administration, in
the March quarter of 2023, 240,813 dwellings were under construction, up
from 240,065 in March 2022. Moreover, new houses accounted for 103,778
of these in 2023, compared to 101,240 in 2022. Therefore, the increase
in the number of housing projects is driving the growth of the cable
conduit systems market.
Market Trends -
Major companies
operating in the cable conduit systems market are developing innovative
products, such as electrical conduit solutions, to enhance safety,
durability, and ease of installation. Electrical conduit solutions help
cable conduit systems by providing enhanced protection, organization,
and routing of electrical wiring, ensuring safety and compliance with
industry standards while reducing the risk of damage and hazards. For
instance, in July 2023, Franklin Electric, a US-based manufacturing
company, launched CableTight System. It is a new watertight electrical
conduit solution designed for use in harsh underground environments.
This system features continuous runs of high-density polyethylene (HDPE)
conduit equipped with press-fit connectors, facilitating fast and
accurate installation while ensuring a watertight seal. The CableTight
System is constructed from flexible HDPE, making it resistant to
cracking or kinking during cold-weather installations. It is designed to
withstand impacts, ensuring reliability in busy job sites.
The cable conduit systems market covered in this report is segmented –
1) By Type: Rigid Cable Conduit Systems, Flexible Cable Conduit Systems
2) By Material: Metallic, Non-Metallic
3)
By End User: Manufacturing, Commercial Construction, Information
Technology (IT) And Telecommunication, Healthcare, Energy, Other End
Users
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Regional Insights -
North
America was the largest region in the cable conduit systems market in
2023. Asia-Pacific is expected to be the fastest-growing region in the
forecast period. The regions covered in the cable conduit systems market
report are Asia-Pacific, Western Europe, Eastern Europe, North America,
South America, Middle East, Africa.
Key Companies -
Major
companies operating in the cable conduit systems market are Panasonic
Corporation, ABB Ltd., Southwire Company LLC, Legrand S.A., Aliaxis
Group SA/NV, Atkore International Group Inc., Schneider Electric SE,
nVent Electric plc., Franklin Electric Co. Inc., Lapp Tannehill Inc.,
Supreme Industries Limited, IPEX USA LLC., Cantex Inc., NSI Industries
LLC, Electri-Flex Company, Kaiphone Technology Co. Ltd., Flexa GmbH
& Co Produktion & Vertrieb KG, AKG Group, Niedax India Cable
Management Systems Pvt. Ltd., BEC Conduits Pvt. Ltd., Zhejiang Flexible
Technology Co. Ltd., Anamet Electrical Inc.
Table of Contents
1. Executive Summary
2. Cable Conduit Systems Market Report Structure
3. Cable Conduit Systems Market Trends And Strategies
4. Cable Conduit Systems Market – Macro Economic Scenario
5. Cable Conduit Systems Market Size And Growth
…..
27. Cable Conduit Systems Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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